Search content
Sort by
Showing 20 of 2,615 results by Makus
When I first discovered Bitcoin back in 2017, I remember searching for explanations about what Bitcoin actually is. Most of what I found were poor explanations about blockchain, technology, crypto trading, and similar stuff. For a long time, none of it really made any sense to me.
It wasn’t until 2021 or 2022 that I came across some generous people who recommended I read Bitcoin Standard. It took me a while to get through the book, but only then did things really click and I truly understood what Bitcoin is.
I recently came across a really great 40-minute video on YouTube that explains Bitcoin perfectly. The creator, Joe Bryan, made it so he wouldn’t have to keep explaining and repeating what Bitcoin is to his friends. Any average intelligent person watching it for 40 minutes will definitely have that “aha” moment and truly understand Bitcoin. wish videos like this had existed back in 2017 and that someone had pointed me to them. I would’ve built a much bigger Bitcoin stack by now and probably would be rich.
If you know any other good videos like this one, please share them.
https://www.youtube.com/watch?v=YtFOxNbmD38
It wasn’t until 2021 or 2022 that I came across some generous people who recommended I read Bitcoin Standard. It took me a while to get through the book, but only then did things really click and I truly understood what Bitcoin is.
I recently came across a really great 40-minute video on YouTube that explains Bitcoin perfectly. The creator, Joe Bryan, made it so he wouldn’t have to keep explaining and repeating what Bitcoin is to his friends. Any average intelligent person watching it for 40 minutes will definitely have that “aha” moment and truly understand Bitcoin. wish videos like this had existed back in 2017 and that someone had pointed me to them. I would’ve built a much bigger Bitcoin stack by now and probably would be rich.
If you know any other good videos like this one, please share them.
https://www.youtube.com/watch?v=YtFOxNbmD38
I like to recommend YouTube alot to those who wishes to learn and have valuable knowledge of what Bitcoin is probably because of the fact that you can watch and still se some visual representation of how it work. Beside thing you learn from watching with your eyes last longer in our brain than those things we listen to or read in book. Though for more insightful knowledge we'll have to read because most knowledgeable resources are recorded in books. Though for a beginner it may look strange coming across entirely new words that were not in your vocabulary and that why I recommend videos first.
Personally I think the only time anyone is qualified to use the word he has won the casino is if his overall win engulf his loses.
the problem is that a lot of gamblers do not even track whatever they win or lose so they really don't know like winning big one time probably feels like you have covered your losses but when you look back you will realize that it is not even close Those who are conscious of how they spend their money should be able to at least once in a month sit back and analyze how much profits they've made from gambling, they don't even necessary needing to start checking history just a rough estimate of their wins and loss will do. Then if the loses are much they should know how much to be used for gambke and restructure their mind that gamble cannot afford the kind of life they want to live first, so they rather see it as an entertainment. You can't be spending money on thin air and hope for better days ahead even when you keep losing over and over again, smart people ask themselves questions like is this worth it? I do gamble most time but I'm always conscious of how much I gambke with.
One of the things that affect some traders is that they don't accept their loss and move on, some traders will want to make back all the money they have lost since they started trading, they carry this as their most and only priority, and that leads to them losing more money.
The reason why you will keep losing more money when you don't accept your losses and move on and stop trying to win back all the money you have lost is that, when you want to win all the money you have lost by all means you become aggressive in your trading and when you are aggressive the effective power of your knowledge will gradually decrease leading to you making mistakes in the course of your trading which will lead to lose, so if you keep trading with the same mindset of winning back all your losses you keep being aggressive and keep losing.
So to avoid more lose as a trader accept your losses and move on, keep an open mind and you will start gaining more than you are losing.
Life happens your loss should be used as a lesson and motivation to achieve success.
The reason why you will keep losing more money when you don't accept your losses and move on and stop trying to win back all the money you have lost is that, when you want to win all the money you have lost by all means you become aggressive in your trading and when you are aggressive the effective power of your knowledge will gradually decrease leading to you making mistakes in the course of your trading which will lead to lose, so if you keep trading with the same mindset of winning back all your losses you keep being aggressive and keep losing.
So to avoid more lose as a trader accept your losses and move on, keep an open mind and you will start gaining more than you are losing.
Life happens your loss should be used as a lesson and motivation to achieve success.
Once a trader start thinking about recovery back his losses, there is a high percent chance that he'll start making decisions like a gambler. And that's why it's best to have routine or something that can clear your mind or take your mind off chart for a while. I stay round lots of trader so I understand what it means to have a routine, it could be a sport it could be a game, probably online game where you can relate with others or even if na whot card, poker or ludo, or even sport, I recommend sport. And try set daily target for loss and profits, say If you hit so so profit you go stop for the day, and continue the next day, just like that you go observe say the next time you enter chart e go belike say you don forget about the loss. So that you fit focus on using knowledge to do your tin instead of emotion.
How una see this state of impatience?
E dey obvious say a patient dog dey always eat the fattest bone...
I invested in a particular token as of last year, with my analysis the token was promising but within a period of 2weeks, the token experienced a price decline, out of fear I sold it all. And guess what, after the slight price decline... The token saw a price surge which would have given me at least an x10 profit within a short period but impatience killed it.
I had experienced this twice... The second time, after making the mistake of selling out of fear once again, though this time, the idea was fostered by one of my guy that's into chart analysis... after selling at loss due to the fear of not loosing it all.. the price started going up for like 2 days, then I bought again to follow the trend but guess what... the market was watching me this time and the price declined badly that I just had to forget about the funds..
Most times a little patience can worth it all even in our daily lives not just in the Crypto world.
E dey obvious say a patient dog dey always eat the fattest bone...
I invested in a particular token as of last year, with my analysis the token was promising but within a period of 2weeks, the token experienced a price decline, out of fear I sold it all. And guess what, after the slight price decline... The token saw a price surge which would have given me at least an x10 profit within a short period but impatience killed it.
I had experienced this twice... The second time, after making the mistake of selling out of fear once again, though this time, the idea was fostered by one of my guy that's into chart analysis... after selling at loss due to the fear of not loosing it all.. the price started going up for like 2 days, then I bought again to follow the trend but guess what... the market was watching me this time and the price declined badly that I just had to forget about the funds..
Most times a little patience can worth it all even in our daily lives not just in the Crypto world.
That na newbie syndrome as far as na token and your analysis they show you say e go do well na to just leave am make em dey do em tin, though I understand from your perspective say emotion sabi trigger person well well, but na there go still determine if you be newbie trader or you don get some level of control over your emotions. Actually them no dey control emotions Sha e dey come on it's own na just that we dey make other things our priority which is knowledge. It's better to pick knowledge over emotions, but some times being contented with little things can also be very good for trader when e reach your target and you decide to hold for more time, that fit be the resistance zone before e start to retrace back down.
Personally I think the only time anyone is qualified to use the word he has won the casino is if his overall win engulf his loses. There are some people that got lucky and hit the jackpot probably wining in millions, at that point it's very true for most people to say they've won the casino, but sometimes these same person spend more than half of the money they won if not all back to thesame system and that like staying the casino only gave them a large sum of money to experience large figure gambling, some people are greedy enough to loss everything and at that same spot borrow to chase losses but end up losing more .
Do you allow yourself to bet on ridiculous things?
Like in sports betting, do you sometimes just bet on an option that has very low chances of actually happening but seems fun to bet on at the time? Some people might do it for fun but what would be amazing is if it actually happened and you won.
Like in sports betting, do you sometimes just bet on an option that has very low chances of actually happening but seems fun to bet on at the time? Some people might do it for fun but what would be amazing is if it actually happened and you won.
Yes I do that sometimes, If I come across a game we're the underdogs were giving high odds lest say 12 odds or 21 odds i usually bet on them because the favourite odd would be around 1.01 or there about and there is no good picking such odds because they're not great multiplier. I've bet on small odds and one of them irrespective of how small it is end up affecting the entire game. And that also helped me to understand that gamble isn't based on odds alone, sometimes magic happens but most people would always want to argue about this. Though I've not been lucky enough to win from one of these big odds, but I have a friend that does countless number of times, but one thing about gambling is that, the wins are always louder than the losses even if it was 20 loses and the a win, we tend to appreciate it so much that it looks as though gambling is easy.
Can you explain this in your own words, if you truly believe that simple logic can help you win in sports betting?
Tell me how you analyze games in a simple way and still manage to win consistently, something that most of us struggle with.
They say you need to analyze thoroughly and consider tons of data to make the right decisions… but if we’re just using the word "logic," then all of that might not even be necessary anymore.
What do you think, is that really possible?
Tell me how you analyze games in a simple way and still manage to win consistently, something that most of us struggle with.
They say you need to analyze thoroughly and consider tons of data to make the right decisions… but if we’re just using the word "logic," then all of that might not even be necessary anymore.
What do you think, is that really possible?
Spending you time analyzing games without luck on your side would still result to loss, and that is why i don't bother chasing wins by trying to add any strategy to my playing, I just make my prediction by stats and my instincts and sit back to expect it play in my favor. Those who are desperately in need of a win end up chasing after loses and that’s just the basic part of addiction, if such person keep cultivating such habit they're likely to end up bankrupt after making several irresponsible decisions. Though it may take some time but if the gambler continues without necessary changing his mindset then it's certain he'll make bad decisions.
It's quite unfortunate that there are people who don't really enjoy the benefits of gambling profits not because they are not winning but they don't withdraw their profits. Greed is the main reason for this, gamblers like this take every win as a trigger to continue gambling and as a result of this they might end up losing everything including their capital or bankroll. Knowing where to draw the line is important
When a person is subject to gambling, he has no time for such thoughts as you have mentioned. He is not interested in a single win. He is aiming for much more. Someone strives to hit the jackpot, and for this you should act only in this way. Therefore, everything is not as clear-cut as it may seem. Everyone has their own goals. Someone needs much more money to buy a specific material thing or something like that.Most gamblers become addicted because they started off their gambling with the wrong mindset, some people feel they can actually make a living off gamble, probably because they got lucky few times but to their greatest surprise it seems the moment they got aggressive then they started having their biggest loses which will trigger the mindset of a revenge bet and continually they start chasing losses. The only way out of this scenario is when the gambker acknowledges that loses are bound to happen and instead of seeing gamble as a source of income they should regard it as an entertainment.
Positive mindset isn't the only driving factor that determines our winning in gambling because one may have the positive mindset and do not make their analysis properly and still end up losing big time. Therefore you are right, good strategies can actually help us alongside with the position mindset + Luck to give us a better winning while gambling, it's also advisable to use an amount that can be subjective or subjected to lose than using amount we don't expect and believing a positive mindset to make a huge a payout, miracle doesn't working in gambling.
The problem with some gambker is, sometimes they use the term positivity to fuel their passion for addiction or irresponsible gambling, and for them to make it seem as though they're not doing anything bad, they tend to use positivity as a cover up for their flaws. Well sometimes we have to understand that there's no need to keep such mindset of wining, as a gambler we have to admit that we are bound to experience loses even before we start gambling so we don't necessarily have to start chasing losses when it happens. I think this is the only way to gamble responsibly.
When gamblers stake above their means expecting to get a huge reward without losing, I don't know if I should call that positivity or delusion...my opinion here is that whether positivity is in or out of the equation without being disciplined and following principles a gambler would always lose... winning has nothing to do with positivity, it's either a function of skills or luck, these are the two things that actually matters
"What’s your worst loss, and how did you cope afterward? "
As for me, when I have one of those days that I have a big loss, it's more on a mental trauma to me. I can't function as normal, I went into depression mode, can't get out of my bed and go to work and will just call my boss that I'm sick. And this might take to 3 days or even a whole week. And of course, the physical effect as well, I can't eat and so I lose a lot of weight.
How about you guys? Did you experience this when you gamble a lot?
When you lose a huge amount of money that you are not supposed to lose, you will feel that way. I understand the trauma because it also happened to me. I’ve blamed myself for the blunder, and this kind of trauma takes time to heal, but once you heal, you have learned a big lesson not to gamble with money that you can afford to lose, because you now know how it feels.
You become a better gambler because you have seen and felt the worst, and you don't want that to happen to you.
Well the only time I think a gambler should get sober for his loses is when he probably got greedy and decided to increase his stake but end up losing the bet, it's ok to feel regrets but in scenario where you applied the write risk management and gambled with just penny from your residual income it should be considered that loses happen and that's normal. Though I understand the type of scenario the op is pointing out, and it more like when you gambled irresponsible or were too aggressive with your bet. Usually this happen to those who are very desperate to make a win from gamble, this is also common in trading.
If we think say we too dey busy with other things wey we dey do offline na so several life experiences wey we supposed get and insightful knowledge go pass us. Nowadays seff you tend to observe say many people don't dey dey very addicted to phone and the thing wey dey chop their time na social media, including all this people wey you just call, them fit reach house make them carry their phone press til 10 before them sleep, why not channel some of these wasted time put for something wey dey meaning even if na to read news know wattin dey happen for the world seff na something talk more of forum like this wey person fit learn about crypto and get good gambling advice from experience people so that them seff fit avoid story that touch.
I buy one coin early this year, with just small money of around $5, which was because I felt like buying some few coins with my little holdings, amongst these coins I bought, meme coins where of higher prices thinking it will yield out something better in a short period (as sometimes it does). Sincerely, I forgot to check on my holds, and after two months, I went to check my assets, I found out that my total of $25 worth of assets has yielded profit beyond what I expected. The $5 investment turned my portfolio to approach a whooping $50, of which the memecoins where not yielding anything (but facing decline in price).
Have you ever felt so unhappy (though happy) seeing your little investment yielding out good profit and kinda regretting not having used a bigger capital at the very start?
Have you ever felt so unhappy (though happy) seeing your little investment yielding out good profit and kinda regretting not having used a bigger capital at the very start?
Well it's good you made some profit from your investment, but you should understand that it's better to play safe than enter into the market aggressively. Assuming you did invest more than that amount and the market probably went in the opposite direction resulting to loss you wouldn't be thinking you should have increased the invested amount. What I'm diving at is that, since there is no certainty that we are gonna make make profit from crypto investment, you should be contented with the profit you have considering that the most important thing is that we take good risk management. Sometimes the moment you try to increase the investment the market goes sideways not because it's not a good project but due to manipulation, though it's possible to invest in a scam project.
"Taking risks responsibly" is an interesting phrase. We cannot avoid risk, and we cannot not take risks either. But excessive and stupid risk is not needed, it only brings us closer to failure. In the end, a smart player must choose a certain balance. This is how the phrase "responsible risk" is born. It may sound funny, because when you take risks, you put yourself at the mercy of the elements, you become dependent on luck. However, by adjusting many parameters of your risk, you can make it responsible. Here we can see an analogy with "responsible gaming" and a "responsible player" who knows that he is taking a risk, he does it consciously and he manages his risk as much as possible in order to reduce the risk of adverse consequences, minimize it and increase the probability of success. Do you like the phrase "responsible risk"? What meaning do you put into this concept? Is your risk responsible? How many players, in your opinion, have responsible risk?
As we all know risk is a major part of our lives. You going out to hustle is risky, even taking the decisions to stay at home not hustling is even more risky. Even to as low as the food we eat which some may contain chemical and emit gasses at the digestion state which may be harmful. However same for gambling risk are present but the only way to not get addicted or loss too much than we ought to, is whenwe try to take appropriate risk management. It's not advisable for a gambler to gamble without a risk plan because he may end up losing too much and regret his actions, and sometimes the it might be to late recover back his loses because gambling isn't a fair game.
Quite tolerably, those who may have later have the interest with zero ideal can still be skeptic at were they feel doubts or impossible to be true which basically could be acts to their lack of knowledge. You don't scold them rather let them know the fact at the given time if you really have the time to put them through though.
I get your point though, but learning to invest in bitcoin isn't that complex or complicated as most persons think, there are several articles online that could brighten their understand and give a clearer view of what Bitcoin is and how they can interact with it. Or one of the best known methods is watching videos on YouTube which may give a clearer view as the influencer also demonstrates how it's been done. I could remember my first experience using electrum wallet, I actually learnt it from YouTube, and it was extremely easy to flow with.
So I would admit that before involving in bitcoin, your doubts must have to be cleared while you prioritize on trusting the industry and have your funds secured on your self custody.
Investors don't need to clear their doubts before they begin their investment, they can start right away and learn to trust in the network as time goes by. Sometimes over confidence make people to take the wrong decisions and at the end blame bitcoin for their own actions. However the market volatility isn't a new thing and most people with their confidence gets into the market aggressively of which when price start moving against their direction they start to panic and could go as far as selling their bitcoin.
So today I was trying to visit blockchain.com and I encountered a phishing site.. I almost didn’t notice anything because I was on my mobile until I experienced the page scroll effect then I looked up to the address and found out I’m on a phishing site https[:]//login.blokchain.co.com/auth/login
As you can see the block is “blok”& .co, it’s almost unnoticeable at just a glance and for sure your brain will obviously assume you’ve seen “block”
You would notice that the warning “check that the URL is correct” which is on the official site https://login.blockchain.com/auth/login?product=wallet login & signup page is not there as well.
Therefore, always verify you’re on the official website, don’t just assume , verify to the last character of the URL..
As you can see the block is “blok”& .co, it’s almost unnoticeable at just a glance and for sure your brain will obviously assume you’ve seen “block”
You would notice that the warning “check that the URL is correct” which is on the official site https://login.blockchain.com/auth/login?product=wallet login & signup page is not there as well.
Therefore, always verify you’re on the official website, don’t just assume , verify to the last character of the URL..
It's good thing you noticed on time and made the appropriate decision to report it because sometimes by having a single glance on something we tend to assume we know about it already but sometimes we need to be extra careful when dealing with thing that relates to finance. Though other platforms do have their phishing site and the only way to get some level of immunity is when we remain careful and learn how these people operate. I like when threads like this pops up, because it helps keep us informed and the chances of being scammed from such websites is reduced.
Normally no be today Nigeria start to dey see the flop of our economy wey make people come dey run from keeping their money for the fiat so, but my problem na besay alot of persons still dey see crypto as scam, and majority na these our papa them and some people wey don still advance for age wey one or two ponzi don show them siege. One thing wey people no know na besay, you fit actually dey keep your money for bitcoin make e still dey generate better profits for you more than any interest wey our banks fit promise you but fear just too full some people body. Concerning top for the leader board for Africa, Normally we no dey see opportunity make we ko take chances, my prayer na just make more nation access bitcoin so that transaction go dey alot more easier than fx exchange.
Charles-Tim thanks for update though I stopped using yellow card for quite some time now due to a bug I detected in their system, so I chose to play safe than place my hands on fire; you understand what I mean? 
well to be honest during my time using their services, I could only access, send and interact with their service using the Web page because the app had some bug in it and refused to perform some basic duties so even if i was still making use of their services, this message would have been a threat to my patronage of their service since i can't access their app. They should work other those bug before they loss more customers.
well to be honest during my time using their services, I could only access, send and interact with their service using the Web page because the app had some bug in it and refused to perform some basic duties so even if i was still making use of their services, this message would have been a threat to my patronage of their service since i can't access their app. They should work other those bug before they loss more customers. I have been reading through many of the topics on gambling and based on my knowledge of trading I had to think of something that if people treat gambling the way they treat trading will that increase their chances of success? For instance, will chances of success increase if people choose to bet on specific outcomes in the game as the game is on rather than the result of the whole game as many gamblers usually target. I think it will be easier to guess some specific outcomes in a game when you see how the game is progressing. What do you think of this?
Even in trading people do lose, there is statistics that says 80% of the over persons trading are looser while only 20% are profitable traders and that’s similar to what is happening in the gamble. Even if gamblers try to use strategic gambling ans remains discipline to their strategy it will only limit the amount of loses as compared to a regular gambler who just wakes up and start gambling until he exhausts his bank roll, then regrets for gambling aggressively. The only thing I think gamblers should emulate from trading is risk management most traders are very good with risk management and that’s the reason their loses don't make them panic to enter even a more aggressive trade.
From your experiences in gambling what are the best possible advise you would give to someone who is intending to gamble or to join gambling? What are the best gambling markets you would advise people to join for instance (sports or casino) and if casinos what are the games you know is that easier to make winning, slot, roulette and ect.
We have talked more about gambling addiction, so let focused on other areas where we can also be happy telling someone the areas of gambling to focus and make winning.
My advice to newbie gamblers is that they should only gamble on games they are familiar with. Just like me, I am more interested in football, so I bet on football more than I do on any other games. The thing with gambling on games you love and are familiar with is that, apart from the money you gain from gambling, you also enjoy the game.We have talked more about gambling addiction, so let focused on other areas where we can also be happy telling someone the areas of gambling to focus and make winning.
In addition to this, no matter how much you might have won or how consistent your wins are at the moment, never make it your source of income.
If gamblers stick to a particular game how would they know that they'll love other games of they don't try them out. Let me use football as an example, personally I also love football games and they're my best gambling games but in pre-season like this, betting on football matches becomes really boring because the teams don't take it serious, they out less effort because there is no prize attached to it and it doesn't count as a significant career experience. The coaches use academy players to test their abilities, and that could prompt one of the worst result you can expect from a big football team. So betting on time like this could trigger severe loss so I stopped pre-season betting, however i have to channel the time to something else and that would be other gambling games.
There are different types of gamblers depending on what they play. Some gamblers are rounded and play all kinds of types possible but there are those who only stick with one type.
For example, one could just play slots while one just sports betting. My question would be which one do you think is more addicting? Slot machines are more rapid and you can play it more consecutively because it is fast unlike sports betting where matches take time. You might get addicted on sports betting more if you enjoy analyzing things and winning it might give you some pride for your skills. Not to mention that if you are a fan of the sport you are betting on, surely you are emotionally invested in the sport therefore would want to follow it and bet on it many times.
Now, what is more addicting? Slots or sports betting?
For example, one could just play slots while one just sports betting. My question would be which one do you think is more addicting? Slot machines are more rapid and you can play it more consecutively because it is fast unlike sports betting where matches take time. You might get addicted on sports betting more if you enjoy analyzing things and winning it might give you some pride for your skills. Not to mention that if you are a fan of the sport you are betting on, surely you are emotionally invested in the sport therefore would want to follow it and bet on it many times.
Now, what is more addicting? Slots or sports betting?
Just like what you said earlier, dome gamblers like slot games while others sport games so it's based on their like and choice that determines the level of addicting you can find in those gamble. Slot games generally are more compared to sport even in casinos, and honestly sometimes sport games become boring to bet on during their seasons breaks. Personally I don't gamble during preseason games because it's obvious nobody is taking it serious and the coaches go as far as using some of their academy player to play the game to determine if they're fit to join in on the next season.